About Multicurrency Revolving Loan for Municipalities

The loan is intended to cover recurring mismatches between revenue and expenditure in municipal budgets

Short-term, medium-term or long-term loan with variable interest rate is available

Loan amount is determined on the basis of the expected amount of revenue/expense mismatch and its duration

Loan may be drawn down in multiple currencies - CZK, USD, EUR and CHF – only for clients who have income in the specific currency i.e. are able to hedge the associated foreign currency risk (e.g. foreign currency direct debit to a KB account)

Actual loan amount is based on your requirements:

Positive impact on cash flows

It will match expected budget revenue

Undrawn loan amount increases by any repayments made by the agreed deadline